World’s first Stablecoin fully convertible to Yen, what makes it important in a country that loves cash

Japan has launched its first Yen-pegged stablecoin, JPYC, aiming to integrate blockchain into its financial system. This move, alongside potential megabank issuances, signals a shift from cash reliance, though concerns about bypassing regulated banking persist. The stablecoin’s success hinges on widespread adoption, with widespread use potentially years away.